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$100 Checking Account Bonus at an Oklahoma/Arizona Bank (MidFirst)

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MidFirst Bank is offering up to a $100 Visa gift card for new customers who open a checking account with an opening balance of $1,000. Smaller gift card values available for smaller opening deposits. An initial direct deposit or three online bill pays is required and must be confirmed by 5/31/07. New customer will receive the gift card at time of account opening. The offer is valid through 4/30/07.

Current customers can receive a $50 Visa gift card for referring a friend who opens a checking account with direct deposit.

The bank does have a free checking account without any balance requirements or monthly fees. However, this checking account doesn't come with free Bill Pay. The monthly fee for this service is $1.95.

Branches are located throughout Oklahoma. MidFirst has started to expand into Arizona with branches in Phoenix and Tulsa. The bank is FDIC insured (Certificate # 4063).
  Tags: Arizona, checking account, Oklahoma

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Comments
11 comments.
Comment #1 by Anonymous posted on
Anonymous
Thanks for the nice find. Here is something I found in the fine print "Limit one Visa® Gift Card (VGC) per household while supplies last ..." Hope they dont use the "whiles supplies last" to wiggle out of paying. Given that it is mentioned on the top of their mail page, I hope not.

Second: The FAQ mentions that Billpay is free for first three months for new enrolees. I hope we can use that to satisfy the three billpays and then disenroll from billpay ($1.95 monthly fee).

I did apply for the a/c online and they did not ask for any information for transferring initial deposit (other than the initial deposit amount). At the end, just said: "Your application has been successfully submitted. A MidFirst Professional Banker will contact you shortly."

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks for the info. Seems like the "while supplies last" is a typical small print disclaimer. Please let us know when you get through the application process.

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Comment #3 by Jeff (anonymous) posted on
Jeff
Thanks for your blog!

Looks like this is valid for people in AZ and OK only - received the following email.

Mr XXXX,
We have received your online application for an account. Unfortunately, we are currently able to open accounts for customers who live in the states of Oklahoma and Arizona only. If your residency ever changes to Oklahoma or Arizona, please contact us and we will be happy to open an account for you.

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Comment #4 by Anonymous posted on
Anonymous
Is there a hard credit pull when applying?

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Comment #5 by HiSaysPaul (anonymous) posted on
HiSaysPaul
I applied online and received the following response:
I received an application from you for a new checking account. Unfortunately, I am unable to open an account for a new customer that lives out of state. If you plan on moving to Oklahoma in the near future, please email me back and I would be happy to assist you. Thank you for your interest in MidFirst Bank.

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Comment #6 by Anonymous posted on
Anonymous
Jeff, hisayspayl: How long after you applied did you get the message. I have not heard anything yet. I applied Sun afternoon. Will keep you posted if I hear anything. Looks like this maybe another bummer (there was a similar thing few weeks ago from a Philly based bank).

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Comment #7 by Jeff (anonymous) posted on
Jeff
Took about three hours for me to get that message.

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Comment #8 by Richard (anonymous) posted on
Richard
I just opened an account with them in there new AZ branch. Opened with $100, I got a $75 VGC. CSR said Paypal transfers DO count as direct deposit, and that only ChexSystems checks are done (no hard credit pull).

As a nice bonus, since today was their grand opening in Phoenix, there was also a cash wheel in branch... you spin and you're guaranteed to win anywhere from $5-$100. Good stuff.

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Comment #9 by Banking Guy (anonymous) posted on
Banking Guy
Richard, thanks for the info. This is a very nice deal. I'll have to post an update tomorrow.

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Comment #10 by Richard (anonymous) posted on
Richard
It IS very nice. For one, you get the VGC right away -- no "within 90 days" crap. The CSR did mention though that the acct had to stay open for at least 30 days. I'm not sure if there's a maintenance balance.

She also said they have NO ATM fees anywhere. She said that even if an ATM says it will charge a fee, it will never show up on your account -- VERY cool. In this particular case, they have the ability to issue ATM cards in-branch, so I also walked out with my ATM card.

In addition, I got a bunch of temp checks free; and was able to choose the style of additional checks to be sent to me for free as well.

I walked out with $125 from Midfirst, between the cash wheel (which was a one-time only event it seems -- they had free lunch, and even had the AZ Cardinals & cheerleaders come in for an hr!!) and the VGC. I'm quite impressed by them, their service... their presentation.

It's a pity that the free checking acct I opened has a 0% interest rate (the other checking accts don't fare much better) -- given the features and the friendliness, I'd have liked to make them "my bank".

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Comment #11 by Banking Guy (anonymous) posted on
Banking Guy
Thanks, I've posted on this new deal here.

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